Group overview

Nedbank Group is one of South Africa's four largest banks, with Nedbank Limited as our principal banking subsidiary.

Nedbank Group

Nedbank Group is incorporated in the Republic of South Africa and our registration number is 1966/010630/06. Our ordinary shares have been listed on JSE Limited (the JSE) since 1969 under the share code: NED and on the Namibian Stock Exchange since 2007 under the share code: NBK. Our ISIN is ZAE000004875.

We offer the following solutions through our frontline clusters, Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and the Rest of Africa:

A wide range of wholesale and retail banking services.

A growing insurance, asset management and wealth management offering.

Our presence

Nedbank Group's primary market is South Africa, however, we are continuing to expand into the rest of Africa.

We have a presence in six countries in the Southern African Development Community (SADC) and East Africa region where we own subsidiaries and banks in Namibia, Swaziland, Malawi, Mozambique, Lesotho, Zimbabwe, as well as representative offices in Angola and Kenya.

In West and Central Africa we follow a partnership approach and concluded the acquisition of an approximate 20% shareholding in Ecobank Transnational Incorporated (ETI) in 2014, enabling a unique one-bank experience to our clients across the largest banking network in Africa, comprising more than 2 000 branches in 39 countries.

Nedbank Group history

Nedbank's history traces back to the early 19th century with the establishment of the Cape of Good Hope Bank in 1831.

Following successive branding and structural changes, from The Nederlandsche Bank voor Zuid-Africa to the Netherlands Bank of South Africa (NBSA), to Nedcor Group in the 1980s, Nedbank Group was formed in 2003.

Today we have strategic alliances across the globe, and are proud of our reputation as one of the most transformed banks in South Africa.

2018

As part of managed separation, on 15 October 2018, Old Mutual Limited reduced its shareholding in Nedbank Group to 19,9%

Nedbank introduced an odd lot offer to qualifying shareholders who own less than 100 Nedbank shares.

2017

Nedbank introduced Africa's first humanoid: Pepper

2016

Banco Unico - acquired 50% plus one share in October 2016

Old Mutual announced it's managed seperation strategy

Nedbank named Bank of the Year for 2016 Financial Times's The Banker magazine.

Nedbank Capital and Nedbank Corporate integrated into one wholesale business cluster, Nedbank Corporate and Investment Bank.

2014

Nedbank concluded the acquisition of an initial 36,6% shareholding (with a pathway to control in 2016) of Banco Único in Mozambique.

Nedbank exercised its rights to become a 20% shareholder in Ecobank Transnational Incorporated (ETI).

Nedbank named Bank of the Year for 2014 Financial Times's The Banker magazine.

2013

Nedbank named Bank of the Year for 2013 Financial Times's The Banker magazine.

Nedbank App Suite™ won MTN Consumer App of the Year award.

2012

“Innovations launched include Nedbank Approve-it™, an interactive secure transaction authentication system; our home loans online channel; MyFinancialLife™, a free online financial management tool; and Small Business Friday™ in association with the National SmallBusiness Chamber."

“Nedbank was recognised by Euromoney as the best bank in South Africa in 2012.”

“Received the Financial Times 2012 Sustainable Bank of the Year for Africa and the Middle East award as well as African Business Environmental Sustainability in Africa 2012 award.”

2011

Nedbank deepened its strategic alliance with Ecobank by providing a facility in support of Ecobank's corporate development programmes, including its transformational banking acquisition in Nigeria, and in so doing secured rights to acquire up to 20% of Ecobank Transnational Incorporated.

Nedbank named South African Bank of the Year for 2011 by Financial Times's The Banker magazine.

Launched South Africa's first green index – the Nedbank Green Index.

Nedbank Capital secured a 37% share of the funding in the first phase of South Africa's Renewable Energy Independent Power Producer Procurement Programme.

Nedbank opened the first wind-powered branch in Dunoon, Western Cape.

2010

Acquired the remaining 49,9% of Imperial Bank, with full integration from October 2010.